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ESP (Espey Manufacturing & Electronics) Cyclically Adjusted PB Ratio : 2.79 (As of Jul. 01, 2025)


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What is Espey Manufacturing & Electronics Cyclically Adjusted PB Ratio?

As of today (2025-07-01), Espey Manufacturing & Electronics's current share price is $45.34. Espey Manufacturing & Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 was $16.28. Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio for today is 2.79.

The historical rank and industry rank for Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio or its related term are showing as below:

ESP' s Cyclically Adjusted PB Ratio Range Over the Past 10 Years
Min: 0.84   Med: 1.61   Max: 2.84
Current: 2.81

During the past years, Espey Manufacturing & Electronics's highest Cyclically Adjusted PB Ratio was 2.84. The lowest was 0.84. And the median was 1.61.

ESP's Cyclically Adjusted PB Ratio is ranked worse than
59.77% of 2227 companies
in the Industrial Products industry
Industry Median: 2.1 vs ESP: 2.81

The Shiller PE Ratio was first used by professor Robert Shiller. He uses E10 for his Shiller PE Ratio calculation. E10 is the average of the inflation adjusted earnings per share of a company over the past 10 years. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio. The Cyclically Adjusted Book per Share is the average of the inflation adjusted book value per share of a company over the past 10 years.

Espey Manufacturing & Electronics's adjusted book value per share data for the three months ended in Mar. 2025 was $16.445. Add all the adjusted book value per share for the past 10 years together and divide the count will get our Cyclically Adjusted Book per Share, which is $16.28 for the trailing ten years ended in Mar. 2025.

Shiller PE for Stocks: The True Measure of Stock Valuation


Espey Manufacturing & Electronics Cyclically Adjusted PB Ratio Historical Data

The historical data trend for Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Espey Manufacturing & Electronics Cyclically Adjusted PB Ratio Chart

Espey Manufacturing & Electronics Annual Data
Trend Jun15 Jun16 Jun17 Jun18 Jun19 Jun20 Jun21 Jun22 Jun23 Jun24
Cyclically Adjusted PB Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.24 1.02 0.91 1.06 1.32

Espey Manufacturing & Electronics Quarterly Data
Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25
Cyclically Adjusted PB Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 1.58 1.32 1.87 1.87 1.67

Competitive Comparison of Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio

For the Electrical Equipment & Parts subindustry, Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio, along with its competitors' market caps and Cyclically Adjusted PB Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio distribution charts can be found below:

* The bar in red indicates where Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio falls into.


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Espey Manufacturing & Electronics Cyclically Adjusted PB Ratio Calculation

Like the Shiller PE Ratio, the Cyclically Adjusted PB Ratio takes the Book Value per Share from the past 10 years, adjusts it for inflation, and then calculates the average. This average is then used for the P/B calculation. Because it considers this 10-year average, it's often referred to as the CAPB Ratio.

The Shiller PE Ratio was first used by professor Robert Shiller to measure the valuation of the overall market. The similar calculation is applied by GuruFocus to calculate the Cyclically Adjusted PB Ratio.

Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio for today is calculated as

Cyclically Adjusted PB Ratio=Share Price/ Cyclically Adjusted Book per Share
=45.34/16.28
=2.79

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Espey Manufacturing & Electronics's Cyclically Adjusted Book per Share for the quarter that ended in Mar. 2025 is calculated as:

For example, Espey Manufacturing & Electronics's adjusted Book Value per Share data for the three months ended in Mar. 2025 was:

Adj_Book=Book Value per Share/CPI of Mar. 2025 (Change)*Current CPI (Mar. 2025)
=16.445/134.9266*134.9266
=16.445

Current CPI (Mar. 2025) = 134.9266.

Espey Manufacturing & Electronics Quarterly Data

Book Value per Share CPI Adj_Book
201506 13.090 100.684 17.542
201509 13.245 100.392 17.801
201512 13.216 99.792 17.869
201603 13.418 100.470 18.020
201606 13.695 101.688 18.171
201609 13.639 101.861 18.066
201612 13.518 101.863 17.906
201703 13.416 102.862 17.598
201706 13.453 103.349 17.563
201709 13.404 104.136 17.367
201712 13.829 104.011 17.939
201803 13.764 105.290 17.638
201806 14.026 106.317 17.800
201809 12.849 106.507 16.278
201812 12.725 105.998 16.198
201903 12.890 107.251 16.216
201906 13.297 108.070 16.602
201909 13.108 108.329 16.326
201912 12.968 108.420 16.138
202003 12.700 108.902 15.735
202006 12.995 108.767 16.120
202009 12.843 109.815 15.780
202012 12.517 109.897 15.368
202103 12.043 111.754 14.540
202106 12.518 114.631 14.734
202109 12.635 115.734 14.730
202112 12.630 117.630 14.487
202203 12.887 121.301 14.335
202206 13.123 125.017 14.163
202209 13.429 125.227 14.469
202212 13.880 125.222 14.956
202303 14.130 127.348 14.971
202306 14.532 128.729 15.232
202309 14.812 129.860 15.390
202312 15.388 129.419 16.043
202403 15.637 131.776 16.011
202406 16.366 132.554 16.659
202409 15.486 133.029 15.707
202412 16.023 133.157 16.236
202503 16.445 134.927 16.445

Add all the adjusted book value per share together and divide the count will get our Cyclically Adjusted Book per Share.

Please note that we use the CPI data of the country/region where the company is headquartered. If the CPI data for that country/region is not available, then we will use the CPI data of the United States as default.


Espey Manufacturing & Electronics  (AMEX:ESP) Cyclically Adjusted PB Ratio Explanation

Compared with the regular PB Ratio, which works poorly for cyclical businesses, the Cyclically Adjusted PB Ratio smoothed out the fluctuations of book value during business cycles. Therefore it is more accurate in reflecting the valuation of the company.

If a company has consistent business performance, the Cyclically Adjusted PB Ratio should give similar results to regular PB Ratio.


Espey Manufacturing & Electronics Cyclically Adjusted PB Ratio Related Terms

Thank you for viewing the detailed overview of Espey Manufacturing & Electronics's Cyclically Adjusted PB Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.


Espey Manufacturing & Electronics Business Description

Traded in Other Exchanges
N/A
Address
233 Ballston Avenue, Saratoga Springs, NY, USA, 12866
Espey Manufacturing & Electronics Corp designs, develops, tests, and manufactures specialized military and rugged industrial power supplies and transformers for use in harsh or severe environment applications. Its products and solutions include power converters, power conditioning, high-voltage radar, contract manufacturing, custom engineering, and others. The applications of these products include AC and DC locomotives, shipboard power, shipboard radar, airborne power, ground-based radar, and ground mobile power.
Executives
David A Oneil officer: Treasurer 14 BRIDGET CIRCLE, COHOES NY 12047
Michael W Wool director 131 HILLS POINT RD, CHARLOTTE VT 05402
Paul J Corr director 87 RAILROAD PLACE, UNIT 306, SARATOGA SPRINGS NY 12866
Peggy A Murphy officer: Corporate Secretary 91 FEEDER DAM RD, S GLENSFALLS NY 12803
Nancy Koskey Patzwahl director 81 OLD LANE, CLAVERACK NY 12513
Katrina Leonore Sparano officer: Assistant Treasurer 670 ACLAND BLVD., BALLSTON SPA NY 12020
Howard M Pinsley director, officer: President/CEO, other: Chairman of the Board 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Barry Pinsley director 6101 PELICAN BAY BLVD., NAPLES FL 34108
Alvin O Sabo director 51 ISLAND VIEW ROAD, COHOES NY 12047
Sexauer Roger Nicholas Ii director 2820 BENNETT POINT RD., QUEENSTOWN MD 21658
Carl Helmetag director 330 SEA VIEW, RIVERSIDE RI 02915
Enright Patrick Thomas Jr. director, officer: President and CEO 3111 SQUAW CREEK TRAIL, BALLSTON SPA NY 12020
St Pierre Mark Francis officer: President 13 SECLUDED RIDGE, SOUTHWICK MA 01077
Espey Mfg. & Electronics Corp. Employee Retirement Plan & Trust 10 percent owner, other: Retirement Plan Trust 233 BALLSTON AVE., SARATOGA SPRINGS NY 12866
Seymour Saslow director 199 CAROLINE ST, SARATOGA SPRINGS NY 12866